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SEC charges two with insider trading in Oracle-Sun deal

The US Securities and Exchange Commission has charged two people for running an alleged insider trading scam involving such marquee mergers and acquisitions as Oracle's Sun purchase, Intel's McAfee buy, and HP's acquisition of 3Com. According to the complaint filed on Wednesday by the SEC, the miscreants include a corporate …
channel

SEC probes whether Hurd leaked EDS buy info

The SEC has gotten on Mark Hurd's case, with an investigation that will look into whether the former HP boss passed on information about the acquisition of EDS to his nemesis, Jodie Fisher. The Wall Street Journal cites its favourite source – people familiar with the matter – to report that the inside information issue is part …
Joe Fay, 21 Dec 2010
Virident FlashMAX II Capacity

Virident bulks up FlashMAX, but it still can't sprint

Virident has added muscle to its FlashMAX server flash card by more than doubling its capacity – but it isn't as quick as their marketing bumf wants you to believe. Its FlashMAX II capacity model stores up to 4.8TB in a low profile (half height, half length) PCIe form factor. Virident says it's optimised for hyperscale computing …
Chris Mellor, 25 Sep 2013
Enterprise Turbo SSHD

Seagate's LaCie touts a 25TB (not a typo) box o' disks for your DESK

Seagate subsidiary LaCie has launched a set of external storage boxes using a 5TB Seagate hard drive – even though disk maker Seagate hasn’t officially launched a 5TB part. So far only Toshiba has officially announced a 5TB drive and that was only a few days ago. Tosh’s 5TB disk is for internal use rather than external drive …
Chris Mellor, 20 Feb 2014

Samsung uncloaks 'industry's first' one-terabyte mSATA SSD

Samsung has revealed what it dubs the "industry's first" one-terabyte solid-state drive in the compact mSATA form factor. From what we know of the SSD landscape, their claim is an honest one – by over a factor of two, seeing as how 480GB mSATA SSDs from Crucial and a few others are the most capacious such drives available in the …
Rik Myslewski, 10 Dec 2013
Kaminario SPC-2 result

Kaminario in amazeballs all-flash K2 streaming-storage benchmark brag

Kaminario has taken the SPC-2 streaming storage benchmark, shook it hard, wrung it out, and left everyone else for dust with its K2 all-flash array, with a result nearly twice as fast as the previously top-ranked Oracle ZFS array. The SPC-2 benchmark tests a storage array's streaming IO performance whereas the companion SPC-1 …
Chris Mellor, 21 Nov 2013
Suitcase bulging with cash

Juniper under bribery investigation by US regulators

Packet-pusher Juniper Networks is under investigation by the Department of Justice and the Securities and Exchange Commission, it has emerged. The regulators are pursuing the company over "possible violations" of the anti-bribery US Foreign Corrupt Practices Act, the company revealed in its 10-Q filing with the SEC on Thursday …
Jack Clark, 09 Aug 2013
The Register breaking news

Final decision by Home Sec on McKinnon extradition due today

The Home Secretary is expected to announce whether or not the government will block Gary McKinnon's US extradition in Parliament today. Theresa May is due to deliver a decision on whether the Scottish sysadmin's medical problems as an Asperger's Syndrome sufferer are sufficiently severe to block extradition. A possible appeal …
John Leyden, 16 Oct 2012
Candy Crush Saga

Candy Crush King sees IPO go sour as stock price heads south

Mobile games firm King Digital failed to take the stock market by storm Wednesday as the firm's initial public offering (IPO) saw its stock price decline by more than 15 per cent at close of trading. The company made famous for its Candy Crush mobile game had been seeking a valuation of roughly $7bn wen it offered its shares on …
Shaun Nichols, 27 Mar 2014
using mobile when, er, upwardly mobile

Ofcom says yes to sat broadband on PLANES (and trains and ships)

A generous allocation of 4,128 MHz worth of spectrum running from 27.5GHz to 30GHz (albeit not contiguous) will give data speeds of 50Mbit/sec to a single plane or ship and an estimated 10Mbit/sec per user thanks to a new frequency allocation from Ofcom. The ruling allows "Earth station antennas" on moving vehicles which will …
Simon Rockman, 22 Jan 2014

HP: AUTONOMY 'misrepresented' its value by $5 BILLION, calls in SEC

Hewlett-Packard dropped a bomb this morning in reporting its financial results for its fiscal 2012 year, stating that the British software company Autonomy, which it acquired a little more than a year ago, "outright misrepresented" its own value - leading to a colossal $8.8bn writedown for HP today. In a conference call ahead of …
The Register breaking news

Home Sec to decide Gary McKinnon's fate by 16 October

A timetable has finally been set for the next phase of NASA hacker Gary McKinnon's long-running fight against extradition to the US. The UK government's Home Secretary Theresa May will decide by 16 October on whether McKinnon's diagnosis as an Asperger's Syndrome sufferer is sufficient to block his extradition, according to his …
John Leyden, 06 Sep 2012
LSI SandForce SF3700

What took you 2 years? LSI finally rolls out next-gen SandForce kit

LSI has finally brought the drawn-out development process for the next generation SandForce controller to a close. It now has third-generation controllers supporting four times bigger flash drives and both PCIe and SATA interfaces from a single ASIC. Bye-bye SAS. LSI bought SandForce for its controllers two years ago. These …
Chris Mellor, 19 Nov 2013

Hate keeping your systems updated and secure? So does Uncle Sam

A Senate report has cast doubt on the ability of many of the US's largest government agencies to properly secure and maintain their systems. The report, authored by Senator Tom Coburn (R-OK) and his fellow Republican members of the Senate Homeland Security and Governmental Affairs Committee, detailed incidents in government …
Shaun Nichols, 06 Feb 2014
Windows NT blue screen of death

Microsoft 'cooperates' with wide US cash-for-contracts bribery probe

Microsoft says it will cooperate with US investigators probing alleged bribery of foreign officials. It's claimed Redmond's resellers bunged cash to apparatchiks in Russia and Pakistan in return for contracts with state-backed businesses. The software giant's deputy general counsel John Frank blogged here that his company takes …
Gavin Clarke, 22 Aug 2013
Samsung's mass-produced 3D vertical NAND (V-NAND) chip, in package

Samsung's amazeballs 3D V-NAND SSD not THAT much better than predecessor

El Reg asked Samsung how the 3D V-NAND SSD's speed compared with the same company's SM843T 960GB SSD, a high-performance SSD used in data centres and servers released just a few months ago. The reply may surprise some hardened storage veterans. 3D V-NAND, announced on 7 August, stacks layers of NAND vertically to increase the …
Chris Mellor, 22 Aug 2013
Joe Tucci EMC

EMC succession: You can't Tucci this

Joe Tucci’s time at the top of the EMC tree is not up for at least another two years, maybe more. Back in 2011/2012 there was a lot of attention paid to who would succeed him at the top of the EMC tree. All that has gone away. Joe Tucci Joe "Isn't life great" Tucci Stifel Nicolaus analyst Aaron Rakers reports on EMC boss Joe …
Chris Mellor, 24 Mar 2014
LaCie 8big

LaCie bigs up 2big, 5big, 8big... WHOMP: Lands big data on your desk

Seagate sub LaCie has announced 2big, 5big and 8big products using 6TB disks and Thunderbolt connects for stonking big fat and fast performance. That’s 12TB in the 2-drive 2big, 30TB in the 5big and 48TB in the 8big rackmount shelf. LaCie says the 8big is its first rackmount Thunderbolt 2 connect product. The 2big transfers …
Chris Mellor, 07 Apr 2014
management analysis3

Tech Data granted one more stay of execution by NASDAQ

The NASDAQ Panel has granted Tech Data a final extension until the end of March to get its accounts up-to-date or face an embarrassing and costly de-listing. The tanker-sized wholesaler confirmed this in a brief filing today that it had until the 27th of that month to report restated results for each quarter in fiscal '14 ending …
Paul Kunert, 09 Dec 2013
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Oracle's Africa dealings under FBI, SEC, DoJ investigation

Oracle is reported to be under investigation by the US authorities for breaking federal anti-bribery laws in Africa. The FBI field office in Washington, fraud prosecutors in the Justice Department's criminal division, and attorneys for the Securities and Exchange Commission (SEC) are reported to be looking into sales of Oracle …
Gavin Clarke, 31 Aug 2011
The Register breaking news

Fugitive tech CEO settles backdating case with SEC for $53m

A former tech firm CEO has finally settled a stock backdating case with the Feds, almost five years after skipping the US and heading to the South West African bolthole of Namibia. Jacob "Kobi" Alexander, co-founder and former chairman and CEO of Comverse, will pay the SEC $47.6m in disgorgement and prejudgment interest and a $ …
Joe Fay, 24 Nov 2010

EMC dishes up 8 times more cache to hungry Isilon PAN

EMC is adding more performance grunt to its Isilon scale-out cluster Performance Accelerator Node (PAN) by replacing it with a new box featuring eight times more level 1 cache. The 256GB of L1 cache in the forthcoming A100 PAN means more data can be held in memory. The aggregate throughput per node is 1,100MB/sec. It's not a …
Chris Mellor, 10 Apr 2013

'Leaked Intel roadmap' promises... er, gear that could die after 7 months

Storage community website Myce has posted copies of what it claims are leaked Intel SSD roadmap slides, which show two data centre and one professional user SSD products coming in spring 2014. Fultondale, or the DC P3700, is a data centre-class SSD built from high endurance (HET) 20nm MLC flash an with capacities of 200GB, 400GB …
Chris Mellor, 09 Dec 2013

Sync'n'share firm Box secretly files for IPO

Enterprise-focused file sync'n'share outfit Box has secretly filed an IPO intention with the SEC and not shared it with anybody in advance, according to media outlet Quartz and others. Box is fighting it out with Dropbox for the lead in the enterprise file-sharing market, which is largely based on putting files in a cloud …
Chris Mellor, 03 Feb 2014
The Register breaking news

Homeland Sec., RIAA Torrent lists published

When the online tool YouHaveDownloaded.com jumped onto the hit parade last week, most people reacted with a kind of cautious paranoia, wondering how much of their BitTorrent use was easily discoverable. That is, after all, what the site is ostensibly about: using the IP addresses published by BitTorrent users (and the files they …
The Register breaking news

Dell removes $100m from profits over SEC probe

Dell has removed $100 million from its first-quarter profits, setting the cash aside for a potential settlement with the US Securities and Exchange Commission, which is investigating the PC giant's accounting and financial-reporting practices and its relationship with Intel. In a statement released Thursday, the company also …
Cade Metz, 11 Jun 2010
Suitcase bulging with cash

Cisco pursuing bribery investigation in FSU countries

Cisco is investigating the probity of unnamed resellers in Russia and other former Soviet Union countries, to determine whether or not it could be exposed to violations of US anti-bribery laws. The company first discussed the allegations in this December 23 blog post, which went under the radar in the lead-up to Christmas. The …
The Register breaking news

SEC doesn't do a Moody

The Securities and Exchange Commission is dropping an investigation into alleged fraudulent behaviour at ratings agency Moody's because it is not sure if it has legal jurisdiction over the company. Moody's was accused of awarding wrongly high ratings to various constant proportion debt obligation notes - the infamous structured …
John Oates, 01 Sep 2010
lifebelt

Overland Storage in fiendish reverse stock split share value ploy

Overland Storage, the troubled tape and low-end scale-out disk array storage vendor, is wanting to do a reverse stock split to get its share price up above the Nasdaq exit level. This is revealed in an SEC Form-8K filing by Overland. It states: "On April 3, 2014, the Board of Directors of the Company approved a one-for-five (1- …
Chris Mellor, 04 Apr 2014

Intel's DIY MinnowBoard goes Max: More oomph for half the price

Intel has announced a new version of its pricey Raspberry Pi challenger, the MinnowBoard, which upgrades its Atom processor, shrinks its footprint, and slashes the price in half for one of two new models. MinnowBoard Max This is a prerelease card – don't worry, the production units will include a CPU heat sink (click to …
Rik Myslewski, 01 Apr 2014
Twitter for Mac Old

Twitter IPO: We want $17 to $20 per share for all our - sorry, your - witterings

Twitter has told US financial watchdog the SEC that it hopes to offer its shares between $17 and $20 apiece, meaning it could bag $1.61bn if the much-anticipated initial public offering is a success. Twitter will tout 70 million shares to the market, while keeping at least half a billion unsold. The social network's executive …
Iain Thomson, 24 Oct 2013
Joe Tucci EMC

Trouble closing the wallet, Joe? EMC boss Tucci's cloudy shares rain $10m

EMC CEO and chairman Joe Tucci has earned himself a cool $10.5m after selling hundreds of thousands of shares in the storage biz. Tucci made $10,583,406.96 from selling 400,000 EMC shares on 30 July and 1 August, according to the SEC Form 4 website, which links to this SEC filing. Tucci's transaction consisted of selling 192, …
Chris Mellor, 05 Aug 2013
channel

Now SEC piles into HP bribery probe

HP is facing a widened bribery investigation by the Department of Justice and US financial regulators, a filing with the Securities and Exchange Commission (SEC) reveals. In its quarterly filing HP said that the US Department of Justice and the SEC were both investigating allegations of dubious dealing by the ink giant in Russia …
John Oates, 10 Sep 2010

Texas man charged in multimillion-dollar Bitcoin Ponzi scheme

The US Securities and Exchange Commission has issued a warning about the potential dangers of investing in virtual currencies, after a Texas man allegedly managed to bilk residents of multiple states out of Bitcoins worth more than $60m at today's exchange rate. On Tuesday, the SEC announced that it has charged Trendon Shavers …
Neil McAllister, 23 Jul 2013

Kevin Bacon avoids slapped wrist after TV pipe-fatness claims

EE has received a stern talking to from the Advertising Standards Authority for website claims of "superfast" connectivity, though when Kevin Bacon says the same thing on TV that's OK. The difference is the context: on TV Kevin's words are accompanied by numbers and comparisons to 3G, while the web ad just made the "superfast" …
Bill Ray, 31 Jul 2013

Dell feels cold probe of US Dept of Justice amid Syria PC sales claims

US authorities are investigating claims of embargo-busting sales of Dell computers to the Syrian government. It is understood officials at the US Department of Justice (DoJ) are looking into allegations that the equipment was resold into the blood-stained nation despite strict trade sanctions. The probe was revealed this week …
Gavin Clarke, 10 Dec 2013
The Register breaking news

Home Sec: Web snoop law will snare PAEDOS, TERRORISTS

The Home Secretary has defended her department's decision to resurrect net-snooping plans that were abandoned by the previous Labour government in 2009. Theresa May, writing in The Sun, finally put forward her opinion two days after the tabloid's sister paper – The Sunday Times – ran a story containing a small amount of …
Kelly Fiveash, 03 Apr 2012
HGSTS's C15K600

In spinning rust we TRUST: HGST slips out screamingly fast ... HDD

Western Digital sub HGST has decided there's life in small fast pure spinning disks yet, and launched a 600GB, 15,000 rpm drive for enterprise data centres: the Ultrastar C15K600. Is this the last hurrah of the fast and pure disk drive? This is not a hybrid drive, one with a slug of caching flash, such as is used by Seagate's …
Chris Mellor, 03 Mar 2014

Blundering Tech Data faces NASDAQ boot over Computer 2000 accounts

Tech Data is facing a delisting from the NASDAQ unless it can bring its financial house in order, the distributor has confirmed. The world's second largest tech wholesaler had until 26 September to file its fiscal 2013 Form 10-K - an annual report required by the SEC - and numbers for first half of this current financial year. …
Paul Kunert, 04 Oct 2013
The Register breaking news

Dell proposes settlement with SEC

Computer maker Dell said this morning that it has put forth a settlement proposal with the Securities and Exchange Commission to end a probe into Dell's accounting practices that has been underway since September 2006. Back then, Dell delayed filing its 10-Q quarterly report for the second fiscal quarter report and slammed the …
Footing

Fusion-io posts another loss-making quarter but execs remain bullish

For flash fettlers Fusion-io's finances, it isn’t spring yet – but nor is it the bleak mid-winter. Revenues are starting to look as if they are on a solid footing with sequential growth and reduced losses. Fusion-io makes PCIe flash cards and has suffered wrenching senior management changes, including the departure of the …
Chris Mellor, 23 Jan 2014
Micron HMC chip during manufacture

Micron: Our STACKED SILICON BEAUTY solves the DRAM problem

Dratted multi-core CPUs. DRAM is running into a bandwidth problem. More powerful CPUs has meant that more cores are trying to access a server’s memory and the bandwidth is running out. One solution is to stack DRAM in layers above a logic base layer and increase access speed to the resulting hybrid memory cubes (HMC), and Micron …
Chris Mellor, 27 Nov 2013
The Register breaking news

Virgin Mobile coughs to choking its customers

Virgin Mobile UK has admitted it is capping mobile data at 2Mb/sec - claiming it is for the benefit of customers - as it tries to keep everyone connected. Customers started noticing the speed cap in the last few days, but as it's being applied piecemeal it has been hard to pin down. That is, until the company last night admitted …
Bill Ray, 05 Mar 2013
CloudSpeed product shot

SanDisk offers Cloudspeed flash options for pockets deep and shallow

SanDisk has revved its CloudSpeed SATA SSD line, adding a tad more random read speed, slowing down the random write speed and reducing the sequential read and write speeds a trifle, too. These are business/enterprise SSDs in a 2.5-inch form factor product line that SanDisk acquired when it bought SMART Storage. There were then …
Chris Mellor, 01 Apr 2014
hands waving dollar bills in the air

Twitter to flog IPO shares at $26, eyes $2bn prize ... IBM will be pleased

Twitter has formally declared it'll flog its shares at $26 a pop on the New York Stock Exchange on Thursday. For its initial public offering (IPO), the microblogging titan said it will 70 million common shares of its stock to investors with a starting clip of $26 per share. The offering would net the company upwards of $2bn. …
Shaun Nichols, 07 Nov 2013
LSI 12gig SAS HBA

6Gbps is for FOOLS! Now THIS is what we call a SAS adapter - LSI

LSI has begun shipping its first 12Gbps SAS adapters for storage arrays, servers and workstations, doubling the prevailing 6Gbps SAS data rate. LSI's SAS 9300 HBA (Host Bus Adapter) runs at 12Gbit/sec, delivers over 1 million IOPS through a PCIe 3.0 connection to hosts, and comes in four versions: 9300-8e with 8 ports 9300-8i …
Chris Mellor, 16 Jul 2013
EMC VNX2

EMC's million-IOPS VNX2 monster to arrive NEXT MONTH

The Register expects EMC to launch VNX2 very soon, possibly as soon as a few weeks from now. We caught wind of the changes when we noticed VNX2 was mentioned in forthcoming seminars and where it was described as "delivering the next evolution in disaster recovery technology". The VNX2 is EMC’s newest hybrid storage platform. …
Chris Mellor, 14 Aug 2013
chart

Laser boffins blast bits onto hard drive at 200Gb/sec

A team of scientists have published a new way of using heat to store data magnetically, which could increase the speed of hard drives over a hundredfold. Conventional drives use electromagnetism to selectively change the polarity of points on a drive, representing a one or a zero. But according to research published in Nature …
Iain Thomson, 08 Feb 2012
HDS VSP Front Panel

New HDS array: It's a G1000 Jim, but not as we know it*

HDS has updated its 2010 vintage high-end VSP array with the VSP G1000 and a new operating system, together providing the "highest performance and most available unified storage system in the industry," and claiming it's "the most reliable hardware on the planet." There are three mainstream high-end enterprise arrays; EMC's VMAX …
Chris Mellor, 23 Apr 2014

Fed watchdogs sniff around IBM's cloud revenue reporting

IBM filed its quarterly 10-Q report with the US Securities and Exchange Commission Wednesday morning, and buried in that lengthy document is a note that the Securities and Exchange Commission (SEC) has raised an eyebrow over the way IBM recognizes its revenues for cloud computing. There is not a whole lot of detail about exactly …